News
2021, October, 25, 12:00:00
U.S. RIGS DOWN 1 TO 542
U.S. Rig Count is down 1 from last week to 542, Canada Rig Count is down 4 from last week to 164.
2021, October, 22, 11:30:00
OIL PRICE: NOT ABOVE $85 ANEW
Brent dropped 50 cents, or 0.6%, to $84.11 a barrel. WTI fell 49 cents, or 0.6%, to $82.01 a barrel.
2021, October, 22, 11:25:00
IMPORTANT OIL FOR INDIA
Since India's per-capita energy consumption is about one-third the global average, demand is expected to rise exponentially, creating the need to push both refining expansion as well as clean energy initiatives,
2021, October, 22, 11:20:00
GLOBAL CARBON EMISSIONS WILL UP
Global energy-related carbon dioxide (CO2) emissions will increase for countries both inside and outside of the Organization for Economic Cooperation and Development (OECD) over the next 30 years under current laws and regulations.
2021, October, 22, 11:15:00
GLOBAL RENEWABLE ENERGY JOBS 12 MLN
Renewable energy employment worldwide reached 12 million last year, up from 11.5 million in 2019
2021, October, 22, 11:10:00
U.S. LNG GROWTH
Tepid production and strong global LNG export demand have helped to push NYMEX gas futures prices for the coming months beyond $5/MMBtu.
2021, October, 22, 11:05:00
NUCLEAR FOR FRANCE
Among the reasons given by respondents in favour of nuclear energy were the energy independence of France (53%, up from 46% in 2019) and the low cost of electricity (30%).
2021, October, 22, 11:00:00
U.S. OIL INVENTORIES DOWN BY 0.4 MB TO 426.5 MB
U.S. commercial crude oil inventories decreased by 0.4 million barrels from the previous week to 426.5 million barrels.
2021, October, 21, 15:35:00
OIL PRICE: NEAR $85 ANEW
Brent rose as high as $86.10 and was down 92 cents, or 1.1%, to $84.90. WTI fell 74 cents, or 0.9%, to $82.68.
2021, October, 21, 15:30:00
INDIA, OPEC OIL DEAL
India, the world's third-biggest importer and consumer of crude, meets around 85% of its demand via overseas purchases with Iraq, Saudi Arabia and the United States being the top three suppliers. India also imports 55% of its gas demand via imports.
2021, October, 21, 15:25:00
ASIA'S GAS DEMAND WILL UP
Non-OECD countries in Asia will collectively become the largest importers of natural gas by 2050.
2021, October, 21, 15:20:00
CHINA PIPELINE GAS IMPORTS UP
China's pipeline gas imports have been setting new records in the past three months, and September was the fourth consecutive month-on-month increase since June, the customs data showed.
2021, October, 21, 15:15:00
U.S. LNG FOR CHINA
In 2018, China became the world's 2nd largest LNG importer in the world behind Japan. LNG imports amounted to 90.5 bcm in 2020 (+12%). Australia is the largest LNG supplier (44%), followed by Qatar (12%) and Malaysia (9%).
2021, October, 21, 15:10:00
AUSTRALIA'S RENEWABLE INVESTMENT $7.5 BLN
The projects were unveiled as part of Rio Tinto’s newly announced plans to spend $US7.5 billion ($A10 billion) slashing its scope 1 and scope 2 emissions by half by 2030.
2021, October, 21, 15:05:00
SPAIN RENEWABLE 3 GW
In November 2020, the Spanish Council of Ministers approved a decree establishing a new regulatory framework for renewable energy auctions, the Economic Renewable Energy Regime (Régimen Económico de Energías Renovables, REER).